[ad_1] (This Dec 20 story has been to remove the reference to China’s crude imports peaking as soon as 2025 in paragraph 9) By Arathy Somasekhar HOUSTON (Reuters) – Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. futures closed up 6 cents, or 0.08%, at $72.94 a barrel. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.12%, at $69.46 per barrel. Both benchmarks ended the week down about 2.5%. The U.S. dollar retreated from a two-year high, but was heading for a third consecutive…
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[ad_1] Amid accusations of fraud, lax auditors and problematic offset certifiers, is the carbon credit market still … credible? Farmers plant rice in east China’s Huangshan region, Anhui province (Image: Leonardo Lazo / Alamy) During the past few years, global voluntary carbon markets have been thrown into crisis by fraud and quality scandals. Verra, a major certifier of carbon emission offsets, announced in August that it was rejecting 37 Chinese rice cultivation projects and revoking issued carbon credits, due to quality concerns. Some of the credits from these so-called “phantom” projects had already been procured to offset greenhouse gas emissions by major…
[ad_1] Author: Lin Bo-yu Regulation December 23, 2024 Thai government exempts mangrove land tax to encourage development. (Photo: Wikimedia Commons) Mangroves are three to five times more effective at carbon sequestration than tropical forests, and the Thai government is optimistic about their substantial carbon credit potential. Recently, Thailand amended tax laws to encourage mangrove restoration, with plans to exempt land taxes on green area, such as mangrove forests, starting in 2025. This initiative aims to accelerate the goal of restoring 80,000 hectares of mangrove forests by 2031. Land taxes trigger shift from mangroves to farms Under the 2019 Land and Building Tax…
[ad_1] Amid accusations of fraud, lax auditors and problematic offset certifiers, is the carbon credit market still … credible? Farmers plant rice in east China’s Huangshan region, Anhui province (Image: Leonardo Lazo / Alamy) During the past few years, global voluntary carbon markets have been thrown into crisis by fraud and quality scandals. Verra, a major certifier of carbon emission offsets, announced in August that it was rejecting 37 Chinese rice cultivation projects and revoking issued carbon credits, due to quality concerns. Some of the credits from these so-called “phantom” projects had already been procured to offset greenhouse gas emissions by major…
[ad_1] TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to announce the addition of Marin Katusa to the Company’s board of directors (the “Board”). The Company also announces that Jeanne Usonis has resigned from the Board. The Board would like to thank Ms. Usonis for her valuable contribution and dedicated service to the Company and wishes her every success in her future endeavors. Mr. Katusa, who has acted as the Chief Executive Officer of the Company since November 25, 2024, will fill the vacancy…
[ad_1] Consumer spending accounts for almost 70% of nominal US GDP. As such, consumer sentiment ought to have some correlation with market performance. Financial journalists certainly act as though it does. Whenever new sentiment or confidence numbers — consumer or otherwise — are released, pundits spring into action, speculating on what the data’s implications are for the markets and the overall economy. But how much do these measures actually matter to market performance? To answer this question, we explored the correlations between consumer and business sentiment metrics and market returns. Specifically, we examined monthly data from the University of Michigan…
[ad_1] Elon Musk Accused Of Bullying Republicans To Scrap US-China Investment Safeguards To Protect Tesla’s Interests Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has been accused by Rosa DeLauro of pressuring Republicans to abandon key U.S.-China investment restrictions to safeguard the EV giant’s business interests in China. What Happened: In a letter on Friday, DeLauro, the top Democrat on the House Appropriations Committee, stated that Musk used his influence to have Republicans scrap provisions aimed at regulating U.S. investments in China, reported Reuters. She pointed to Musk’s “extensive investments in China in key sectors” and alleged ties to Chinese Communist Party…
[ad_1] Foxtel, which has transformed into a digital and streaming leader in sports and entertainment content under News Corp (NASDAQ:) management, will join DAZN, a global provider of sports streaming, giving international exposure to Australian sport, while bringing Australian sports fans greater access to programming from across the globeEnterprise value represents more than 7x Fiscal 2024 Foxtel EBITDA, including repayment of shareholder loans amounting to A$706 million and minority equity interest of approximately 9% in DAZN Transaction (JO:) enables News Corp to further simplify to drive long-term stockholder value and increase focus on key growth pillars SYDNEY–(BUSINESS WIRE)–News Corporation (News…
[ad_1] Well played? – Andrew Caballero-Reynolds/Agence France-Presse/Getty Images Federal Reserve Chair Jerome Powell helped spark a wild week on Wall Street, but a signal that policy makers have put further interest-rate cuts on pause is looking like the right call after a closely watched inflation indicator and another round of budget brinkmanship on Capitol Hill. “The message from the November personal-income data is that the Fed was correct in stopping right here,” said Steve Blitz, chief U.S. economist at TS Lombard, in a Friday note. And, he said, the House’s difficulty in passing a spending bill that would avert a…
[ad_1] After the Federal Reserve carried out its third interest rate cut last week, mortgage rates rose higher. The average 30-year fixed rate jumped back up to its November high of around 7%.That seesaw — when interest rates go down but mortgage rates go up — underlines how the Fed doesn’t directly set home loan rates. Even though a reduction in the central bank’s benchmark interest rate will lower overall borrowing and financing costs for consumers and businesses, the mortgage market is its own volatile creature. Mortgage rates are driven by investor expectations and shifts in bond yields. Overall, investors care…